The declining bank credit to exporters will hurt the sector, and traders will flag the issue prominently during their meeting with Commerce and Industry Minister Piyush Goyal on September 11, an industry official said on Sunday.
While exports grew by 15 per cent in the rupee terms between 2021-22 and 202324, the outstanding credit in March 2024 dropped by 5 per cent over the same month in 2022, according to exporters.
Apex exporters body Federation of Indian Export Organisation (FIEO) said the export credit growth is not keeping pace with rising exports of the country. "We have seen a decline in export credit between March 2022 and March 2024 despite the need for more credit for longer duration due to hike in prices of commodities, sharp spurt in freight (both sea and air) and the Red Sea crisis, leading to longer voyage time and delayed payment," FIEO Director General Ajay Sahai said.
この記事は Millennium Post Delhi の September 09, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Millennium Post Delhi の September 09, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Dulquer reveals Mammootty isn't Happy With His Work Pace
While 41-year-old Dulquer Salmaan appeared in just two films - 'King of Kotha' and 'Lucky Bhaskar' - and had a cameo role in 'Kalki 2898 AD' between 2023 and 2024, his father, 73-year-old Malayalam legend Mammootty, delivered six films: 'Nanpakal Nerathu Mayakkam', 'Christopher', 'Kannur Squad', 'Kaathal - The Core', 'Bramayugam' and 'Turbo', besides an extended cameo in 'Abraham Ozler'.
Kriti reveals she broke down during 'BHEDIYA' promotions
She explained how the rigorous process of promotions becomes hectic for actors who are constantly on the move
Keanu Reeves Is Unsure of Working in 'John Wick 5'
Hollywood star Keanu Reeves said his heart wants to be part of the fifth installment of 'John Wick' but doesn't know if his knees can do it.
Never expected movie business to be at mercy of two OTT platforms
The cause behind Sanjay Gupta's comments is unclear, but his post sparked mixed reactions online
James Addresses 'The Batman 2' Delay
Gunn said it's common for the sequels of big-budget movies to have lengthy gaps in between
CELEBRATIONS & CONTROVERSIES IN BOLLYWOOD & SOUTH INDIAN CINEMA
2024 was a whirlwind year for Bollywood and South Indian cinema, marked by death threats and high-profile divorce rumours
Bumrah in race for ICC Cricketer of Year; no Indian nominees for women's award
Operating at a level rarely seen in the game before, India's peerless fast bowler Jasprit Bumrah was on Monday nominated for the ICC Men's Cricketer of the Year award and also featured in the list for the best player in the Test format.
Pat on back for Aussies
Cummins, Boland to the fore as Oz take 2-1 lead; Rohit, Kohli misfire
Jaiswal's dismissal 'caught' in controversy
Rohit says he did touch the ball
Adani Group to exit FMCG joint venture Adani Wilmar in $2 billion deal
Adani Enterprises — which held 43.94% stake in Adani Wilmar, will sell 31.06% stake to Wilmar Int'l & about 13% will be sold in open market
